On 24 June 2026, the Council of the EU issued a press release stating that it had agreed its negotiating position on an updated sustainability transparency framework for financial products sold in the EU.
On 20 November 2025, the European Commission submitted to the Council and the European Parliament a proposal for a Regulation amending the Sustainable Finance Disclosure Regulation (SFDR), the Regulation on key information documents for packaged retail and insurance-based investment products (PRIIPs) and repealing Commission Delegated Regulation (EU) 2022/12881. The objectives of the proposal are to overcome the shortcomings associated with the implementation of the SFDR, to significantly simplify administrative burdens in a coherent way with the rest of the EU sustainable finance framework, and to help investors efficiently understand and compare sustainability-related financial products.
The negotiating position is the Council’s mandate to start negotiations with the European Parliament on the updated SFDR, once the European Parliament has agreed on its respective position.